Yodel results mask “unprecedented growth” as pandemic drives turnaround


 

Yodel said it was on course to become profitable in the year ending June 2021 – a first in its 10-year history. Chief executive Mike Hancox said “unprecedented” growth in recent months had propelled the parcel firm into the black and he expected EBITDA to deliver “a strong positive result in FY21”. Yodel said there had been an overall increase in sales and volume growth of 16%, compared to the first quarter of the latest financial period. Full-year revenue is […]